Struktura władzy i odpowiedzialności zarządu w korporacjach amerykańskich
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Date
1989
Advisor
Editor
Journal Title
Journal ISSN
Volume Title
Publisher
Wydział Prawa i Administracji UAM
Title alternative
Allocation of powers and accountability of management in U.S. corporations
Abstract
The paper describes basic principles of U.S. Corporate Law, including federal
legislation concerning the role of the Securities Exchange Commission. After
presenting basic tenets of corporation law and delineating the scopes of respective
jurisdictions of State and Federal laws in this field, the authors analyze the allocation
of power among shareholders, managera and other constituents of the
corporation.
Among major problems discussed in the second part of the paper are legal
solutions aimed at assuring the accountability of corporate management vis-a-vis
shareholders. Thus, the paper analyzed the content and enforcement of basic duties
imposed upon managers by state corporation law (i.e. duties of care and loyalty),
derivative suits brought by shareholders against management on behalf of
corporation, the role of independent directors, and the techniques of public disclosure.
Finally, the paper discusses the controversial role of unfriendly take-overs
and the role of institutional shareholders in this context.
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Sponsor
Digitalizacja i deponowanie archiwalnych zeszytów RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
Keywords
Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 51, 1989, z. 3, s. 153-164.